China Overseas Development (00688) surged more than 3% in early trading. At the time of writing, the stock was up 2.76%, trading at HK$14.17, with a turnover of HK$304 million.
Guotai Haitong Securities released a research report maintaining an "Overweight" rating on China Overseas Development (00688). As an industry leader, the company's value is expected to undergo a systematic revaluation, driven by the gradual release of new project performance, the leading product strength of its quality housing, and the capital cycle unlocked by commercial REITs. The report projects the company's EPS for 2025-2027 to be RMB 1.18, RMB 1.19, and RMB 1.32, respectively. By referencing comparable companies and fully considering the company's asset quality, business development potential, and strategic planning, a 2026 PB ratio of 0.5X is applied, resulting in a target price of HK$20.30.
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